Investing.com -- Bank of America expects Middle East and North Africa assets to be steered next year by a mix of global conditions, geopolitics, sanctions, IMF programs and the limits of OPEC's supply policy, setting a cautious tone for investors across the region.
The bank sees regional geopolitics as a key source of risk. Its base case is a fragile "no war, no peace" equilibrium, with ceasefire arrangements vulnerable to disruption.
The outcome of Israel's elections and unresolved tensions over Iran's nuclear program could influence the landscape in 2026. Analysts say Gulf energy infrastructure remains exposed, though Qatar's recent US security guarantees lower its vulnerability. Escalation between Israel and Hezbollah remains a tail risk with direct consequences for Lebanon's economy and the future of its stalled eurobond restructuring.
Five forces shape #MENA in 2026 as geopolitics, #OPEC limits, #IMF
dominate outlook
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